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Greece Surrenders To Germany, US Import Price YoY At Recession Levels
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest •
Despite the rhetoric from Europe, apparently Greece is running out of money and will surrender to Germany. Bond investors were relieved at the surrender.
Senior bank officials have told Kathimerini that almost all the liquidity available to Greece (59.5 billion euros) has been absorbed and that banks’ total dependence on the Eurosystem amounts to 90 billion. The rapid deterioration in liquidity conditions has been attributed to the uncertainty that arose when the snap general elections were called as well as the new government’s inability to reach a swift agreement with the country’s creditors.
Greek 10 year sovereign yields fell by 94 basis points.
Greek stocks rose by 6.23 percent!
The post Greece Surrenders To Germany, US Import Price YoY At Recession Levels appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/13/greece-surrenders-to-germany-us-import-price-yoy-at-recession-levels/
